UK house prices dip slightly in May

The average UK house price edged down by 0.1% in May from April, according to Halifax's House Price Index. The typical property value now stands at £288,688, marking a 1.5% increase compared to last year. The average cost of a house in London rose 0.2% to £536,821. Amanda Bryden, head of mortgages at Halifax, commented: "Market activity remained resilient throughout the spring months, supported by strong nominal wage growth and some evidence of an improvement in confidence about the economic outlook." 

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